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April 12, 2006

Carcieri blasts Beacon Mutual after viewing report

Gov. Carcieri blasted the leaders of the state's largest worker's compensation insurer earlier today, calling on Beacon Mutual Insurance Co. to change "everything."

The governor's was briefed earlier today on a report released by an independent committee led by former Gov. Lincoln C. Almond that found evidence of abuse, mismanagement and preferential pricing practices at Beacon.

"This is a scathing indictment as far as I'm concerned," Carcieri said in an afternoon interview. "It's sort of confirming my worst fears."

He added, "It looks like a board out of control, it looks like a senior management out of control."

He said he was trying to arrange a meeting with the board at the State House tomorrow.

He said Beacon "needs a complete change," and, when asked if this included personnel, he replied, "Everything."

Asked if he thought Joseph Solomon, Beacon's president and CEO, should resign, Carcieri said he would discuss it with the board. "It looks to me like we've got a chief executive there out of control.''

Read the full story.

-- With reports from political columnist M. Charles Bakst

Posted by Steve Peoples  at 5:11 PM | Permalink

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